v3.10.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues, Net of Allowances        
Total Revenues, Net of Allowances $ 3,460,150 $ 3,022,511 $ 11,925,629 $ 9,705,114
Cost of Goods Sold        
Total Cost of Goods Sold 2,806,041 2,167,367 9,221,071 6,927,114
Gross Profit 654,109 855,144 2,704,558 2,778,000
Operating Expenses        
Selling, general and administrative 1,918,613 975,795 4,641,290 4,012,924
Litigation expense 1,192,488
Research and development 591,489 564,432 1,446,913 1,751,749
Total Operating Expenses 2,510,102 1,540,227 7,280,691 5,764,673
Operating Loss (1,855,994) (685,083) (4,576,133) (2,986,673)
Other Income (Expense)        
Interest expense (1,152,681) (643,172) (2,561,482) (1,663,238)
Total Other Income (Expense) (1,152,681) (643,172) (2,561,482) (1,663,238)
Loss Before Income Tax (3,008,675) (1,328,255) (7,137,615) (4,649,911)
Income tax
Net Loss $ (3,008,675) $ (1,328,255) $ (7,137,615) $ (4,649,911)
Basic and Diluted Net Loss Per Share $ (0.82) $ (0.36) $ (1.94) $ (1.26)
Weighted Average Number of Shares Outstanding - Basic and Diluted 3,683,463 3,679,500 3,680,691 3,679,500
Metal Goods [Member]        
Revenues, Net of Allowances        
Total Revenues, Net of Allowances $ 1,510,873 $ 1,286,430 $ 5,369,713 $ 4,566,113
Cost of Goods Sold        
Total Cost of Goods Sold 1,268,825 1,024,816 4,325,522 3,456,283
Soft Goods [Member]        
Revenues, Net of Allowances        
Total Revenues, Net of Allowances 1,949,277 1,736,081 6,555,916 5,139,001
Cost of Goods Sold        
Total Cost of Goods Sold $ 1,537,216 $ 1,142,551 $ 4,895,549 $ 3,470,831

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